all income above those levels would be taxed at a clinton era top tax rate of 39.6%. and capital gains taxes above those amounts would also be increased up to 20% up from 15%. the deal is also said to include a permanent fix for the alternative minimum tax, and extends unemployment insurance for another year for two million americans. >>> there is some grumbling about the proposed deal from labor. in the last hour, richard trumka of the afl-cio tweeted the following -- we can't set the stage for further destabilizing hostage-taking from -- in the form of another debt ceiling crisis and another sequester crisis. joining me now from capitol hill by phone is nbc's kelly o'donnell. kelly, tell what's the latest is that you're hearing on this deal. >> this is a major breaking development, milissa. we have learned from multiple sources who have been directly involved in negotiations that they have reach and agreement in principle between the white house and senate leaders. of course, this will still need to be voted on by members in both the senate and house. but this is a